The
Conference Board announced on Thursday its Leading Economic Index (LEI) for the
U.S. went up 1.3 percent m-o-m in March to 111.6 (2016 = 100), following a
revised 0.1 percent m-o-m gain in February (originally a 0.2 percent m-o-m advance).
Economists
had forecast an increase of 1.0 percent m-o-m.
“While
the pace of increase in the U.S. LEI has slowed since mid-2020, January’s gains
were broad-based “The U.S. LEI rose sharply in March, which more than offset
February’s slightly negative revised figure,” noted Ataman Ozyildirim, Senior
Director of Economic Research at The Conference Board. “The improvement in the
U.S. LEI, with all ten components contributing positively, suggests economic
momentum is increasing in the near term. The widespread gains among the leading
indicators are supported by an accelerating vaccination campaign, gradual
lifting of mobility restrictions, as well as current and expected fiscal
stimulus. The recent trend in the U.S. LEI is consistent with the economy
picking up in the coming months, and The Conference Board now projects
year-over-year growth could reach 6.0 percent in 2021.”
The
report also revealed the Conference Board Coincident Economic Index (CEI) for
the U.S. rose 0.6 percent m-o-m in March to 104.0, following a 0.1 percent
m-o-m drop in February. Meanwhile, its Lagging Economic Index (LAG) for the
U.S. fell 0.5 percent m-o-m in March to 105.1, following a 1.6 percent surge in
February.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.